TPG Inc, previously known as Texas Pacific Group, is an American investment company.
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21 Facts About TPG Inc
2.
TPG Inc manages investment funds in growth capital, venture capital, public equity, and debt investments.
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3.
TPG Inc has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and from other institutional investors.
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4.
Texas Pacific Group, later TPG Capital, was founded in 1992 by David Bonderman, James Coulter and William S Price III.
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6.
TPG Inc was able to complete a turnaround, beginning in 2002, and to complete an IPO in 2006.
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7.
TPG Inc completed a buyback of TPG's PIPE convertible in 2000, which would ultimately be acquired by UnitedHealth Group, in 2004.
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8.
In 2000, TPG Inc completed the controversial acquisition of Gemplus SA, a smart card manufacturer.
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9.
TPG Inc won a struggle with the company's founder, Marc Lassus, for control of the company.
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10.
In 2001, TPG Inc acquired Telenor Media, a Norwegian phone-directory company, for $660 million, and shortly thereafter acquired a controlling interest in silicon-wafer maker MEMC Electronic Materials.
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11.
In November 2003, TPG Inc provided a proposal to buy Portland General Electric from Enron.
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12.
TPG Inc entered the film production business in late 2004, in the major leveraged buyout of Metro-Goldwyn-Mayer.
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13.
Also in 2005, TPG Inc was involved in the buyout of SunGard in a transaction valued at $11.
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14.
In early 2006, as TPG Inc was completing fundraising for its fifth private equity fund, co-founder Bill Price announced that he would reduce his work at the firm.
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15.
In early 2007, the firm, officially changed its name to TPG Inc, rebranding all of its funds across different geographies.
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16.
Financial Times reported, in February 2014, TPG Inc considered issuing an IPO, deciding, in March 2017, to remain private.
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17.
In September 2017, TPG Inc Capital acquired majority stake in Australia's largest contract research organization, Novotech Clinical Research.
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18.
In November 2017, TPG Inc Capital acquired Mendocino Farms; former Yard House CEO Harald Herrmann was appointed as its CEO.
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19.
In February 2018, TPG Inc backed former AOL CEO Jon Miller in acquiring Fandom.
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20.
In March 2018, Manipal Hospitals and TPG Inc Capital acquired Fortis Healthcare as part of a deal for Rs 3900 crore.
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21.
In 2020, TPG Inc joined Diligent Corporation's Modern Leadership Initiative and pledged to create five new board roles among its portfolio companies for racially diverse candidates.
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